What changes have been made to the Federal Brownfields Cleanup Revolving Loan Fund? How long will this funding be available?
Last October, U.S. EPA announced changes to the Federal Brownfields Cleanup Revolving Loan Fund (BCRLF). As a BCRLF pilot grant recipient, IDEM can award low-interest loans for non-time critical removals to cities, towns, counties, private entities, and not-for-profit organizations. The amount of funding available has been increased from $350,000 to $1 million. In addition, eligibility criteria for borrowers have been expanded to include owners/operators that acquired property after the time of disposal. IDEM, as the lead agency, will determine that the owner/operator has not caused, contributed to, permitted or exacerbated the release of a hazardous substance on or emanating from the property. For more information, visit the Brownfields Program web site and look under Financial/Economic Assistance.
Related Questions
- Does an entity applying for a petroleum brownfields grant (assessment, revolving loan fund or cleanup grant) need approval from the State before submitting the proposal to EPA?
- What changes have been made to the Federal Brownfields Cleanup Revolving Loan Fund? How long will this funding be available?
- How has the application process for Brownfields assessment, revolving loan fund and cleanup grants changed in FY 2004?
